Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

Caterpillar Inc. is an American company, one of the world's largest manufacturers of construction and mining equipment.

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
52
Assets(RF), mln.USD
436
Capital(RF), mln.USD
162
Glob.Revenue, mln.USD
67060
Staff(RF), 2021
2354
Taxes(RF), mln.USD
13

Putin clears sale of Caterpillar's Russian assets to ex-Sberbank executives.

The Company Statement
June 18, 2024

Operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions, and we are suspending operations in our Russian manufacturing facilities. The President of Russia, Vladimir Putin, signed an order for LLC "PSK — New Solutions" to purchase the Russian assets of the American company Caterpillar. The former Russian assets of the American machine-building company Caterpillar were transferred to a company owned by the Armenian investment fund Balchug Capital. Russian President Vladimir Putin approved the purchase of Caterpillar assets by a company called PSK-New Solutions in November 2023. Putin's decree and the Russian company's documents do not disclose the terms of the deal. Putin's decree states that PSK-New Solutions can buy 100% of the authorized capital of Caterpillar Tosno and Caterpillar Financial in response to Western sanctions. 06.2024: PSK - NEW SOLUTIONS LLC becomes the new founder of the organization Caterpillar Financial LLC. The entry about the founders of “CATERPILLAR INTERNATIONAL SERVICES CORPORATION” and “CATERPILLAR FINANCIAL SERVICES CORPORATION” has been removed from the Unified State Register of Legal Entities. 06/25/2024: The full name was changed from CATERPILLAR FINANCIAL LLC to FINANCIAL LLC. 06.2024: PSK - NEW SOLUTIONS LLC becomes the new founder of the organization LLC "Caterpillar Tosno". The entry about the founders of CATERPILLAR INC. CORPORATION and CATERPILLAR OVERSEAS S.A.R.L. LLC has been removed from the Unified State Register of Legal Entities.

July 02, 2024FINANCIAL LLC – Moscow – Director General Russia A. E. – TIN 7707306927
July 02, 2024LLC "TOSNO" – Tosno – TOSNO LLC – General Director Koretsky I.A. – INN 4716010046
November 27, 2023Putin allowed two companies to buy out the assets of Schaeffler and Caterpillar
November 27, 2023Putin clears sale of Caterpillar's Russian assets to ex-Sberbank executives
April 26, 2023CNH Industrial Sells Russian Interests. Caterpillar also reacted early in the war, suspending construction in its Russian factory, a plant near St. Petersburg
March 18, 2022These companies continue to do business in Russia
March 09, 2022Caterpillar Statement on Ukraine and Russia
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
Scanner